Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-06-22
CLOSED BY UNCLE SAM.
Fidelity National Bank of Cincinnati
Closed by the Government and a
Receiver Appointed
Bus Few People Knew 'hg Government
Bank ExamjaeT was in Town
and Ali We're Surprised.
The Mischief Dnno by thg Late CORNER IN
ShsHt ManIfestE ItssIF-Aggrsgate
Assets IN the Millions,
RESULT OF THE WHEAT PANIC.

/ CINCINNATI, OHIO, JuGe 2l-The
| Fidelity National Sank closed this morn
ing by order of the government through
its representative, Eugene Powell. A
meeting Of the board of directors was
called 81 O'Clock this morning and is in
session. Tle sidewalks are lined with
people in the vicinity, who are quietly
| discussing the situation without even
knowing thst the government bsuk ex-
dminer has been here. No notice mas
been posted snd no information is given
ct the door. One ire!e depCsit0r created
| a scene by forcing himself half way into
the door where h received q heavy
| blow IN the face from some one inside
and was finally ,aken away by the officers.
| One OF the officials Of The OsHE this morn
Ing assured friend wdo had entrance TO
the ssie dep05i; vaults that the bank
would pay every dollar it owed. The
general feeling mas been that the Ssuk Is
strong enough. but feeling OF mistrust
become engendered from various causes.
H. Is now stated that The directors de
terDined upon the appointment Of 2 re-
ceiVer 10 tske charge Of the business, and
gu effort IS being made to obtain one.
! Griffith of the Citizens National Bank
has been suggested, but It il thought ne
will not accept.
| 1850 A. M.--The directors meeting is
! closed but The doors rem8iH impassshle.
being gusrded by q dOorkeeper and DO
! liCeman within and several policemen on
the outside. The crowd mas al gone, and
aside from the police a. the door aud .
few kLOts OF people along the square dis
cussIng the situation, there is nothing
to indicate the occurrence of any,
thing more than usual. At the
meeting Of the directors this morning
Mr. Powell, Dank examiner, announced
that owing 20 the Impairment Of the
banks resources the government wCald
take charge OF il, ana would appoint d
receiver TO wind up ne business. + is
ssid unoflicially tas5 tae alternative was
given OF continuing in business By reUr-
gsniZatiOn. which WOuld drive out
VICe-PresIdent Harper, Cashier Baldwin,
and Assistant Cashier g. +. Hopkins,
but that the directors were unable
to agree upon such plan, OF we're IN
willing to take the risk Of q run following
the interference OF the government. The
outcome, however, was the appointment
ot Mr.. j. II. DeGtmp. YiGz-president of
the Metropolitan National bank, receiver.
eDd ne was placed in charge of the banks
affairs. Il is now stated thRt the clear
lug house settlements for the past few
days have shown an unusual drain on
their resources. Besides tnis many banks
have kept their checks out Of the clearing
house as favor There are numerous
rumOrs sfoat concerning the cause of the
action CT the bank examiner Vice
president Harper. who has borne heavy
strain for the past week is much dis
tressed this morning. He calls himself
ruined man, and is in a high state of ex-
element. a conservative director SAYS
ii is his opinion the dep0sltOrs will get
their money in full.
ASSETS AND LIABILITIES.
WASHINGTON, June 2l.-The Comp
trOller OF the Currency 20 day received g
telegram from Mr.. Powell, regular bank
examiner for tine western district Of Ohio,
saying that he had taken charge of the
Fidelity National bank of Cincinnati,
Ohio, es IN iusolVent institution. No
particulars are given, but is has been sub
sequently asCertained that the liabilities
OF the bank, exclusive Of the capital
stock, sre about S5,5OO,O 900. The indi-
vidual deposits are ABOUT 81, 600 900.
TWO MILLION FAILURE.
CINCINNATI, ONO, June 2I.-E. L.
Harper Tn4de an individual assignment 20
L. S. Tillerman this afternoon and his
firm E. L. Harper * Co, dealer in iron,
etc, also assigned TO Zimmerman. The
failures are the direct result Of the clos
ing of the Fidelity bank. The assets are
81, 100000; liabilities not given.
HARPER's ASSETS AND LIABILITIES.
CINCINNATI, ONO, June 21.-Later in
the day Z. l.. Harper made an 9ssign-
ment Of his rolling mil in IMPORT, Ky,
10 his superintendent, Adam Wagner. In
none Of the assignments has there been
any creditors named. Tbs estimated liz
bilities in al the interests OF L. L. Har-
per approach 81, 900, 600. The assets,
counting MS bank stock al par, ere aoout
S2,O00,000, as made by himself q few
days since.
Two of the sweetest song birds ia the